With that said, the income can still offset the cost of holding the property as a long-term investment.

Every market will vary due to labor costs. 

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

We needed to build more there but the cost to build has doubled and the return is t sufficient.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

My wife works for Ferguson, and I know many contractors, so I can get a lot of materials at cost.

$10K savings to you or higher cost to you? 

This plan also offers many integrations (at an additional cost) depending on what your needs may be.

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.